Maria Joins the Union After Calculating That with the Union

question 15

Multiple Choice

Maria joins the union after calculating that with the union she will increase her net take home pay from the company by 4% after union dues compared to the 2% per year increase she has been receiving. What is Maria's reason for joining the union called?

• A) Dissonance-based reason
• B) Utility-based reason
• C) Political/ideological reason
• D) Grievance reason
• E) Career planning reason

---

Definitions:

Equilibrium

The condition where supply and demand in the market are equal, leading to stable prices.

Consumer Surplus

The disparity in amounts between what is potentially spent by consumers and what is actually spent on a good or service.

Demand Curve

A graphical representation that shows the relationship between the price of a good and the quantity demanded by consumers.

Consumer Surplus

The gap between the price consumers are ready to pay for a good or service and the price they end up paying.